Bitcoin Eyes $65K as Altcoin Volatility Heats Up

Bitcoin is showing signs of life as it approaches the $65,000 mark. After dipping to $61,800 earlier in the week due to geopolitical tensions, the coin recovered following positive inflation data on Tuesday. While the price briefly hit $65,600, it faced resistance and fell back before steadying near its current levels.

Bitcoin dominance has climbed to over 57 percent, showing that it remains the primary driver of market sentiment. Its ability to hold the $64,000 level is a positive sign for traders who want to see if the asset can finally break through that crucial $65,000 resistance point.

While most large cap coins stayed quiet over the last day, the weekly charts tell a more active story. ZEC leads the pack with a 9 percent gain, while LTC, ONDO, and CRO have also seen solid growth. On the downside, HYPE, BCH, and AAVE have struggled over the past seven days.

The total crypto market value has grown by $60 billion this week to reach $2.27 trillion. Traders are now watching closely to see if Bitcoin can maintain its momentum through the weekend to set the stage for the week ahead.